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Stock Market Today: Tech Earnings Weigh on Nasdaq; Dow Edges Lower


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Published in Stocks and Investing on Wednesday, November 27th 2024 at 16:00 GMT by Thomas Matters   Print publication without navigation

  • The Federal Reserve's favored inflation gauge is due this morning

The article from The Wall Street Journal, published on November 27, 2024, discusses the latest developments in the U.S. stock market, focusing on the Personal Consumption Expenditures (PCE) inflation data. Key points include a slight decrease in the PCE price index, suggesting a cooling in inflation rates, which has led to mixed reactions in the market. Investors are cautiously optimistic as this could influence the Federal Reserve's future interest rate decisions. Additionally, the article covers reactions from major companies like Apple, which reported better-than-expected earnings, boosting tech stocks. There's also mention of geopolitical tensions affecting oil prices, with a slight dip due to eased concerns over supply disruptions. Overall, the market is navigating through economic indicators, corporate earnings, and global events, with a particular focus on how these factors might shape monetary policy in the coming months.

Read the Full Wall Street Journal Article at [ https://www.wsj.com/livecoverage/stock-market-today-pce-inflation-live-11-27-2024 ]

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